FAQ

Funds

Electronic Direct Debit Authorization (eDDA)

What is eDDA?

eDDA is Electronic Direct Debit Authorization which allows bank account holders to transfer funds real-time from bank account to our trading account in 7x24 modes.

Last Update: 2022-03-31

What banks are available for eDDA set up in EBSI?

Currently, we support 6 banks, namely HSBC, HASE, SCB, BOC, ICBC (Asia) and CMB.

Last Update: 2022-03-31

How many bank accounts can I add in my eMO! / online portal?

Maximum 2 bank accounts are allowed.

Last Update: 2022-03-31

What kind of account types can eDDA support?

Currently, eDDA fund transfer applies to equities account only (Cash or margin account) under Everbright Securities Investment Services (HK) Limited, China Everbright Securities (HK) Limited and Everbright Securities Digital Finance (HK) Limited. Only individual account is allowed. Joint and corporate accounts are not supported.

Last Update: 2022-03-31

After fund transfer via eDDA, how long does it take to transfer to my trading account?

Fund transferred is immediately available in trading account after successful transfer. If you transfer after 8:00pm, your deposit statement record will be shown next day. Nevertheless, the injected fund will be reflected in eMO! & web trading platform immediately for client instant use for trading.

Last Update: 2022-03-31

Is there any transfer limit for eDDA?

You can set your maximum limit per transaction during eDDA setup. Please be reminded that bank side online transfer limit setting (if any) will override this eDDA limit. For details, please refer to your bank limit setting. Please ensure your bank account has sufficient funds for fund transfer to avoid the bank rejecting the transfer or the bank charging overdraft interest.

Last Update: 2022-11-08

Can I add my non-designated bank account in my eDDA?

Yes, you can. But for those account opened via designated-bank flow, only designated bank account is allowed.

Last Update: 2022-03-31

Can I use bank account with different identity for eDDA registration?

No, only the same identity used in banks and Everbright Securities International will be accepted during eDDA registration.

Last Update: 2022-03-31

How can I cancel eDDA?

Client would need to approach bank to cancel eDDA, either via online banking or branch visit.

Last Update: 2022-03-31

How much can I transfer via eDDA?

It depends on your transfer limit setting. In principle, you can transfer up to the available bank balance.

Last Update: 2022-03-31

Is there any minimum transfer restriction via eDDA?

Yes, the minimum transfer amount is HK$1,000.

Last Update: 2022-03-31

Can I transfer USD or CNY via eDDA?

Currently, only HKD is supported.

Last Update: 2022-03-31

Can I withdraw money via eDDA?

No, only deposit via eDDA is allowed.

Last Update: 2022-03-31

Where can I find eDDA transaction history?

You can click “History” under “Fund Deposit (eDDA)” to view the latest transactions in 30 days.

Last Update: 2022-03-31

China Merchants Bank account number has 16 digits, how can I transfer via eDDA?

When you add your eDDA account, select China Merchants Bank and enter the last 7 digits of your account number in the “Bank account no.” field, then you can proceed to add your bank account for eDDA fund transfer.

Last Update: 2022-03-31

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